Rancho Mirage Housing Market Report – July 2026
Here's a look at how the Rancho Mirage, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 66
- Median Sale Price: $862,500
- Average Sale Price: $1,147,833
- Average Price Per Sq Ft: $411
- Average Days on Market: 92
- Sale-to-List Price Ratio: 96.1%
Month-Over-Month Trends
Compared to June, the median sale price in Rancho Mirage moved 1.5% up (from $850,000 to $862,500). The number of homes sold was 4.3% down compared to the prior month (69 vs. 66). Average days on market shifted 0.0% down (92 days to 92 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 5.2% up (from $820,000 to $862,500). Sales volume is 10.0% up year-over-year.
What This Means
Rancho Mirage's housing market is showing mixed signals as we head deeper into summer. While median prices climbed 5.2% year-over-year to $862,500, the month-to-month picture is more modest, with just a 1.5% uptick from June. More telling is the slight dip in sales volume—down 4.3% from last month to 66 homes sold—suggesting buyer interest may be cooling despite the season. That said, homes are still moving at a respectable pace, with the 96.1% sale-to-list price ratio indicating sellers maintain some negotiating power, even if they're not getting premium prices.
The real story lies in inventory levels and days on market. With 574 active listings and a median asking price nearly matching actual sale prices, the market feels relatively balanced. However, active listings are lingering about 113 days on average, compared to just 92 days for sold homes, suggesting newer inventory is taking longer to attract buyers. This slight slowdown aligns with broader California trends as higher interest rates continue to weigh on purchasing power through the summer months. For buyers, the modest price growth and stable DOM indicate negotiation room still exists in this desert market.
Rancho Mirage Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92270 | 66 | $862,500 | $411 | 92 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 40 | $1,155,000 | $476 |
| CONDOS | 14 | $605,000 | $322 |
| CONDO | 4 | $665,500 | $368 |
| MULTI_FAMILY | 4 | $552,000 | $226 |
| MOBILE | 3 | $215,000 | $188 |
| LAND | 1 | $1,250,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $200K - $299K | 3 |
| $300K - $399K | 1 |
| $400K - $499K | 3 |
| $500K - $749K | 13 |
| $750K+ | 44 |
Current Active Listings
As of this report, there are 574 active listings in Rancho Mirage with a median asking price of $867,000 and an average of 113 days on market.
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